Tencent Music might finally launch its IPO on December 12
Concerns over the trade spat between Washington and Beijing, as well as the recent sell-off in the technology industry, kept...
U.S. Markets News
US stock market overview from AlphaStreet. Get updates on the major US stock exchanges including Dow Jones, NYSE, NASDAQ and S&P.
Early data shows the UK spent less on Black Friday
According to Barclaycard — processor of almost half the card transactions in the United Kingdom — the amount spent on...
US asks allies to ditch Huawei over security concerns
The US government is said to have requested lawmakers and telecom companies in allied countries to avoid using equipment from...
Digital currency-friendly bank Silvergate plans to go public
Silvergate Capital Corp., the parent company of San Diego, California-based Silvergate Bank, has filed for an IPO last Friday. Silvergate...
Facebook says UK data was not shared; appeals fine in Cambridge Analytica case
The infamous Cambridge Analytica data-breach case took a new turn this week after Facebook (FB) defended the charges leveled by...
GameStop (NYSE: GME) to divest its Spring Mobile unit for $700 million
GameStop (GME) to sell its Spring Mobile division for $700 million to the Sugar Land, Texas-based Prime Communications. Spring Mobile...
Retail sector may be heading to a dry holiday season
The run-up to the holiday season has never been so disappointing for the retail industry, with lackluster financial performance and...
IKEA Group to cut 7,500 jobs
IKEA Group looks to cut 7,500 jobs in the next couple of years, according to the company. The furniture giant...
3 stock market trends for the Black Friday week
As we speak, another Black Friday is here. Retailers are apparently busy with their eleventh-hour dash to make sure they...
FAANG stocks lose their sheen in tech rout
2018 has not been a great year for tech stocks, especially the latter half. The worst performers were, in fact,...
Q3 Earnings Preview: It’s a cherish or perish scenario for Foot Locker
Foot Locker (FL) will be issuing its third quarter earnings press release after the US markets close on Tuesday, November...
Apple stock selloff after production cut shows iPhone buzz is fading
The Apple (AAPL) management has probably got carried away by the success of iPhone, and nowadays the launch events are coming...
Facebook’s crisis continues to hurt its stock
Facebook Inc. (FB) seems to be facing another round of trouble. According to a report by The Wall Street Journal,...
Do markets open on Thanksgiving Day or Black Friday? All you need to know this week
The holiday season is almost here, with two much-awaited days – Thanksgiving and Black Friday – almost at the doorstep....
GE takes ‘power’ rejig to next level with new leadership team
General Electric (GE), the troubled industrial giant that has long been on a restructuring spree, seems to be trying new...
Renault-Nissan-Mitsubishi chief Carlos Ghosn to face the axe over misconduct
According to the Japanese carmaker Nissan, Chairman and CEO of the Renault-Nissan-Mitsubishi Alliance Carlos Ghosn will soon lose his post...
Push to cut supply ramps up oil prices for the fourth day
On Monday, oil prices increased for the fourth session in a row as reports of Saudi Arabia prospectively pushing Russia...
Companies reporting earnings this week: Nov 19 – 23
A slew of major companies are reporting earnings this week. Scientific instrument maker Agilent Technologies (A) will announce fourth-quarter earnings...
Dealing with semiconductor stocks in times of slowdown
With the semiconductor industry showing signs of cooling off – thanks to the demand crunch and tariff crisis – the...
Volkswagen plans to spend $50 billion on electric cars
Volkswagen (VOW3) plans to spend around $50 billion for the development of electric cars, autonomous technology and other mobility services...
Former Oracle product chief Thomas Kurian replaces Diane Greene as Google Cloud CEO
Google Cloud’s CEO Diane Greene announced in a blog post that she will be stepping down from her role and...